I was just walking to get some lunch and I wanted to share a stock that popped back up on my radar most traders have never heard of. And it reminded me of the NFT stock craze…
If you were anything like me as a kid, you probably have boxes full of old baseball cards.
I spent a lot of time rifling through packs hoping to get all the latest rookie cards. And when I was lucky enough to pull a sweet-looking holographic foil card, I’d drop it in a plastic sleeve to keep it mint.
Well, now one company wants to pull that whole experience straight into the 21st century and give the industry a new life.
And it’s doing so by breaking into the world of NFTs.
Non-fungible tokens (NFTs) are chunks of data that certify a digital asset as one of a kind. That information lives on a distributed ledger — the same technology that makes cryptocurrencies possible.
Unlike cryptocurrencies, each NFT has identifiable code embedded in them so they can’t be exchanged for or equal to each other.
It’s basically like a digital “seal of authenticity.” And if you’ve spent any time around the often-kooky world of collectibles, you’ll know this has been a common practice for decades.
That technology enables artists and creators a unique opportunity to monetize their work. The eye-catching results are sending retail investors swarming, looking to get in on the ground floor of the NFT stock craze.
In March, Christie’s auction house sold an NFT of a collage of 5,000 drawings for $69 million. Twitter co-founder Jack Dorsey sold an NFT of the first tweet for almost $3 million.
So when The Topps Company caught wind of the latest high-tech trend, it felt like a perfect fit for the trading card business.
Topps leadership also felt the NFT stock craze would be a good time for the company to go public. And with some help from the Mudrick Capital Acquisition Corp. (Nasdaq: MUDS) SPAC, they’re doing just that.
Check out my short video and let’s talk about the NFT stock craze. I’ll also talk about what happened on Wednesday that demonstrates the explosive upside for this mash-up of nostalgia and cutting edge technology.
P.S. Trading expert and Wall Street legend Chuck Hughes has been helping traders bank huge profits for a while…
But now he wants to show investors something different… A new method that turned $5,900 into $212,217 — in just two years!
So how does Chuck want to spend his summer?
Teaching everyday traders how to use his Triple Threat strategy to dominate the market!